Redfin

This Redfin company information is to assist in Redfin corporate research, Redfin financial analysis, Redfin competitive intelligence, Redfin jobs & career search, and Redfin decision maker contact information.

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Redfin Company Overview

Redfin Company Information

Redfin is a residential real estate company that provides an online real estate database and brokerage services. The firm was founded in 2004, and is based in Seattle, Washington. Redfin first launched its home buying and home selling services in 2006. Glenn Kelman is the CEO.

When working with homebuyers, Redfin refunds a portion of their commission, thus offering a rebate and saving commission fees. In Missouri, Oregon, and Tennessee, state law prevents them from offering a refund to homebuyers. A blend of technology and service also enables Redfin to charge a 1.5 percent listing fee for home sellers, which is less than the traditional 3 percent fee.

Redfin employs its agents directly and pays them a salary – departing from the commission-based compensation structure of traditional realtors – and ties bonuses to customer satisfaction. The company’s agents are reviewed after every transaction, successful or failed, with all reviews posted on the site under the agent’s online profiles. ¹

Redfin News & Press Releases

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